EQT Merger With Equitrans Clears Important Federal Antitrust Hurdle
The merger of EQT Corporation and Equitrans Midstream into a single company took one giant leap forward on Wednesday when the Hart-Scott-Rodino (HSR) Antitrust Act waiting period expired. In November 2018, under intense pressure from activist investors, EQT split itself into two companies: EQT Corporation and Equitrans Midstream (see It’s Here! EQT Midstream Division Now Split into Standalone Co.). Equitrans became a new, completely separate company with its own board of directors and its own set of investors. Five-and-a-half years later (in March of this year), EQT dropped the bombshell announcement that it had cut a deal to buy back Equitrans in an all-stock deal worth $5.4 billion (see Stop Press! EQT Buying Equitrans Midstream in All-Stock Deal).
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We suppose it was inevitable following a rupture in a segment of the 303-mile Mountain Valley Pipeline (MVP) during pressurized water testing (see 
The left is nervous about the oil and gas sector giving money to the campaign of Donald J. Trump. The New York Times, a bastion of leftist Democrat propaganda, has a headline and story blaring, “Biden and Big Oil Had a Truce. Now, It’s Collapsing.” Bloomberg’s version says, “Oil Titans Help Give Trump an Edge Over Biden in Fundraising.” Both stories reference a fundraising lunch being held today in Houston, Texas. The event will have a Who’s Who in the O&G industry, including Kelsy Warren from pipeline giant Energy Transfer, Harold Hamm, founder of oil driller Continental Resources, and Vicki Hollub, CEO of oil drilling giant Occidental Petroleum. They are ALL opening their wallets for Mr. Trump. And that makes the left nervous.
Finally, it’s the end of the road for Big Green using (abusing) six uppity Virginia landowners who didn’t want the 303-mile Mountain Valley Pipeline (MVP) to cross their well-groomed horse pastures. The landowners, funded by Big Green and using Big Green lawyers, sued repeatedly to try and overturn the Federal Energy Regulatory Commission’s (FERC) right to delegate its eminent domain authority to pipeline companies like MVP in order to build pipelines. Big Green and the landowners knew it wouldn’t stop MVP — the hope was to block all (and we mean ALL) future pipelines from getting built. That was the end game. Yesterday, the U.S. Supreme Court said it will not revisit the case. It had already looked at this case once before. This is well and truly the end of the line for these landowners and Big Green in attempting to gut FERC’s eminent domain authority. Finally.
Two weeks ago, MDN told you about an odd situation in Ohio. DeepRock Disposal, an injection well company owned by a former member of the Ohio Oil & Gas Commission and current State Senator, Brian Chavez, leaked injected wastewater beyond its permitted boundary of a half mile into a non-functioning conventional well “miles away” (in Noble County) where the water came to the surface (see 
We’re just a few weeks away from the 303-mile Mountain Valley Pipeline (MVP) going online, flowing 2 billion cubic feet per day (Bcf/d) of yummy FRACKED natural gas from the Marcellus/Utica to southern Virginia and beyond. And that fact is driving the insane, unhinged left even more insane and unhinged. Yesterday, a man (who refused to identify himself as a man) tied himself to two barrels full of concrete in the middle of the road in the Bent Mountain (Roanoke County), VA, area, blocking access to an MVP work yard. The protester was spewing anti-Israel statements (a bigot and anti-Semite), along with nonsensical statements about the oil and gas industry. Truly unhinged. State police arrived to deal with the situation.
Here’s a truism you can take to the bank. Anti-fossil fuel nutters need (crave) a public forum where they can prance around like peacocks making a spectacle of themselves. Deny them that forum, and they get grumpy — fast. Such was the case at an information session held Tuesday at the Athens (NY) Elementary School. A company hired to work on upgrading a compressor station in Athens for the Iroquois Gas Transmission pipeline tried to share important information about the project. However, protesters made it impossible, and the session was dismissed early due to the bad behavior of the petulant protesters.
It’s clearly a case of sour grapes for the same three judges from the U.S. Court of Appeals for the Fourth Circuit (4th Circus clowns) who tried to block the 303-mile Mountain Valley Pipeline (MVP) by rendering arbitrary decisions that caused years of delays for the pipeline. We’re talking about Judge Stephanie Thacker, appointed by Barack Hussein Obama (she likes to quote from Dr. Seuss books in her opinions); Judge James Wynn, appointed by Barack Hussein Obama; and Chief Judge Roger Gregory, appointed by William Jefferson Clinton. All three are (in our opinion) corrupt and should immediately be impeached and removed from the bench. Congress finally had enough of their judicial malpractice in blocking MVP and passed a law overriding the clowns, signed into law by Joementia last June (see 
TransCanada Corporation, which renamed itself TC Energy in 2019, made a play for and bought out/merged with U.S.-based Columbia Pipeline Group in 2016 (see 
On May 1, a section of the Mountain Valley Pipeline (MVP) near Roanoke, VA, failed (ruptured) during pressurized water testing conducted to ensure that there were no leaks or flaws (see 
Last week, in reporting on pipeline giant Williams’ first quarter 2024 update, we told you about a major new project Williams has begun to replace (upgrade) 112 mainline compressor units with state-of-the-art low-emission turbines and electric drive units on the Transco and Northwest Pipe (see 
This story gets a little complicated, but we’ll do our best to explain. The Algonquin Gas Transmission (AGT) pipeline (owned by Enbridge) transports up to 3.09 Bcf/d through 1,131 miles of pipeline. Algonquin connects to Texas Eastern Transmission (TETCO), Millennium Pipeline, and Maritimes & Northeast Pipeline and supplies New England with critically needed natural gas supplies for power generation and consumer use. Anti-fossil fuel fanatics who see carbon dioxide molecules under every rock and lurking in every shadow claim a tiny upgrade to an AGT regulating station (costing $15.7 million) in Connecticut is part of Enbridge’s Master Plan to expand AGT throughout the region. Led by the radicals of the Sierra Club, protesters will hold a meeting on Thursday to oppose the upgrades to a regulating station that does nothing more than aim to keep the gas reliably flowing through existing pipes.